NHPC Limited (IN:NHPC)
:NHPC
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NHPC Limited
(NHPC)
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Rating:65Neutral
Price Target:
₹79.00
▼(-5.52% Downside)
Action:ReiteratedDate:09/12/25
NHPC Limited's overall stock score is driven by strong financial performance, despite challenges in cash flow management and rising leverage. Technical analysis indicates potential bearish momentum, while the valuation suggests the stock may be overvalued. The absence of earnings call and corporate events data limits further insights.
Positive Factors
Very high gross profit margin
A gross margin persistently above 90% reflects structurally low operating costs for NHPC's hydropower generation. This durable cost advantage supports strong coverage of variable costs and provides resilience to revenue swings, underpinning long-term cash conversion potential.
Negative Factors
Rising leverage
An increasing debt-to-equity ratio to around 1.05 raises financial risk for a capital-intensive utility. Higher leverage elevates interest burden, reduces financial flexibility for future project funding, and can amplify stress during hydrology-driven revenue downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Very high gross profit margin
A gross margin persistently above 90% reflects structurally low operating costs for NHPC's hydropower generation. This durable cost advantage supports strong coverage of variable costs and provides resilience to revenue swings, underpinning long-term cash conversion potential.
Read all positive factors
NHPC Limited (NHPC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹769.15B
Dividend Yield2.44%
Average Volume (3M)1.12M
Price to Earnings (P/E)90.8
Beta (1Y)1.09
Revenue Growth15.72%
EPS Growth6.45%
CountryIN
Employees4,461
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.31
Shares Outstanding10,045,034,000
10 Day Avg. Volume870,126
30 Day Avg. Volume1,122,519
Financial Highlights & Ratios
PEG Ratio-1.67
Price to Book (P/B)2.08
Price to Sales (P/S)7.96
P/FCF Ratio-21.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.42
Revenue Forecast (FY)₹117.14B
NHPC Limited Business Overview & Revenue Model
Company Description
NHPC Limited, together with its subsidiaries, generates and sells electricity in India. The company generates electricity through hydro, wind, and solar power stations. It owns and operates 24 power stations with an installed capacity of 7071.2 me...
How the Company Makes Money
NHPC primarily makes money by generating electricity at its power stations and selling that electricity to off-takers (typically state power distribution companies and other power purchasers) under power purchase agreements and regulated tariff me...
NHPC Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 112.13B | 103.80B | 84.61B | 93.53B | 82.79B | 84.34B |
| Gross Profit | 89.15B | 90.79B | 88.14B | 55.32B | 43.79B | 82.60B |
| EBITDA | 67.78B | 59.29B | 62.51B | 68.62B | 60.89B | 61.96B |
| Net Income | 31.71B | 30.07B | 35.96B | 39.03B | 35.24B | 32.72B |
Balance Sheet | ||||||
| Total Assets | 1.12T | 1.03T | 932.95B | 890.86B | 772.85B | 731.57B |
| Cash, Cash Equivalents and Short-Term Investments | 30.48B | 27.51B | 36.35B | 37.87B | 17.28B | 21.44B |
| Total Debt | 449.23B | 415.74B | 345.78B | 315.57B | 260.96B | 253.82B |
| Total Liabilities | 645.23B | 575.15B | 494.03B | 443.73B | 396.89B | 372.38B |
| Stockholders Equity | 412.40B | 396.68B | 387.02B | 368.99B | 349.21B | 330.90B |
Cash Flow | ||||||
| Free Cash Flow | -35.11B | -38.25B | -596.40M | -2.68B | 14.57B | 30.91B |
| Operating Cash Flow | 15.83B | 50.26B | 69.38B | 46.92B | 64.72B | 50.73B |
| Investing Cash Flow | -50.46B | -75.50B | -59.68B | -42.46B | -49.66B | -15.30B |
| Financing Cash Flow | 38.04B | 19.04B | -5.81B | -7.96B | -6.38B | -31.38B |
NHPC Limited Technical Analysis
Positive
83.62
Price Trends
76.03
Positive
77.01
Negative
80.02
Negative
Market Momentum
0.26
Negative
53.65
Neutral
63.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NHPC, the sentiment is Positive. The current price of 83.62 is above the 20-day moving average (MA) of 75.11, above the 50-day MA of 76.03, and above the 200-day MA of 80.02, indicating a neutral trend. The MACD of 0.26 indicates Negative momentum. The RSI at 53.65 is Neutral, neither overbought nor oversold. The STOCH value of 63.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:NHPC.
NHPC Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹681.91B | 25.60 | ― | 1.48% | -1.26% | 27.83% | |
72 Outperform | ₹961.51B | 90.03 | ― | 0.10% | 33.42% | 132.99% | |
72 Outperform | ₹2.75T | 14.70 | ― | 3.37% | 0.80% | -3.25% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | ₹769.15B | 90.79 | ― | 2.44% | 15.72% | 6.45% | |
65 Neutral | ₹1.23T | 39.28 | ― | 0.59% | 4.06% | 8.22% | |
55 Neutral | ₹259.80B | 32.79 | ― | 1.94% | 6.92% | -44.22% |
* Utilities Sector Average
IN:NHPC
NHPC Limited
76.57
-3.74
-4.65%
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NHPC Limited Corporate Events
NHPC Subsidiary Faces Tax Demand as Parent Raises Stake in Ratle Hydro Project
Mar 28, 2026
NHDC Limited, a subsidiary of NHPC Limited, has received an income tax demand notice of Rs 231.78 crore for assessment year 2024-25 from the Income Tax Department’s Faceless Assessment Unit. The company says the demand arises from non-consid...
NHPC Brings Third Unit of 2,000 MW Subansiri Lower Hydropower Project into Commercial Operation
Mar 17, 2026
NHPC Limited has announced the commercial operation of Unit 1, a 250 MW generator, at its 2,000 MW Subansiri Lower Hydroelectric Project located on the Assam–Arunachal Pradesh border, effective from midnight on 20 March 2026. With this miles...
NHPC Raises ₹2,000 Crore via 7.29% Unsecured AH Series Bonds
Feb 27, 2026
NHPC Limited has raised ₹2,000 crore through the private placement of listed, unsecured, non-convertible, non-cumulative, redeemable, taxable AH Series 2041 bonds bearing a coupon of 7.29% per annum. The 15-year bonds, each with a face value...
NHPC Updates Investors on Kishanganga Arbitration Award in Favour of HCC
Feb 23, 2026
NHPC Limited has disclosed an update on a material arbitration case related to the Kishanganga Hydroelectric Project, where an arbitral tribunal has pronounced an award in favour of contractor Hindustan Construction Company. The dispute concerns c...
NHPC Announces Senior Management Changes Effective 2026
Jan 31, 2026
NHPC Limited has announced changes in its senior management, informing the exchanges of the scheduled superannuation of Executive Director Rajat Gupta effective end of day January 31, 2026, and the promotion-based appointment of Anish Gouraha as E...
NHPC Board Clears Proposal for Rs 2,000 Crore AH-Series Bond Issue via Private Placement
Jan 8, 2026
NHPC Limited’s board has approved the proposal to proceed with the General Information Document and Key Information Document for issuing unsecured, redeemable, taxable, non-convertible, non-cumulative AH-series bonds of up to Rs 2,000 crore ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.